Asked by Andrew Shoffler on Jun 22, 2024
Verified
"Nudging" is the term used to refer to making people make better choices for themselves, using lessons about human behavior which economists have learned from
A) neoclassical theory.
B) purely competitive markets.
C) marginal analysis.
D) behavioral economics.
Nudging
A concept in behavioral economics wherein indirect suggestions and positive reinforcements influence behaviors and decision-making.
Behavioral Economics
A subset of economics that analyzes how psychological, social, cognitive, and emotional factors influence economic decisions of individuals and institutions.
- Identify the utilization of insights from behavioral economics to enhance public policy and personal decision-making processes.
Verified Answer
MB
Matheus BittencourtJun 23, 2024
Final Answer :
D
Explanation :
"Nudging" is a concept that stems from behavioral economics, which studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.
Learning Objectives
- Identify the utilization of insights from behavioral economics to enhance public policy and personal decision-making processes.
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